Don’t get me wrong, Summer 2015 was awful as China’s Mainland stock market fell and then the currency drop left a Grand Canyon-sized wrinkle in between my eyebrows. Hong Kong volume leaders were Tencent, which gained +0.84%, Alibaba BABA Hong Kong, which was off -1.17%, Meituan Dianping, which rose +1.2%, Everest Medicine, which gained +32% on its IPO, Xiaomi, which rose +0.48%, and JD.com Hong Kong, which gained +0.92%. Mainland investors returned from a vacation in a great mood as the market played catch-up to its Asian peers. I almost fell off my chair when I read that ride-sharing firm Dida Chuxing filed for a Hong Kong IPO. Southbound Stock Connect reopened on moderate volume as Mainland investors bought $363mm of Hong Kong stocks as Southbound trading accounted for 14.9% of Hong Kong turnover.

Source: Forbes October 09, 2020 15:45 UTC